Oversubscription of right issue of shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2014
Can a right issue of shares under section 81(1) be oversubscribed in any circumstances, if yes please clarify????
15 February 2014
well how can it be? the no of maximum applicants is fixed, each applicant's (shareholder) maximum eligibility is fixed. so it can only be under-subscribed or fully sub-scribed. over-subscription not possible.
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